Maximum Net Senior Debt Ratio. Company shall not permit the Net Senior Debt Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending March 31, 2003, occurring during any period set forth below to be more than the correlative ratio indicated: 1st Fiscal Quarter, 2003 4.75 x 2nd Fiscal Quarter, 2003 5.05 x 3rd Fiscal Quarter, 2003 6.05 x 4th Fiscal Quarter, 2003 6.15 x 1st Fiscal Quarter, 2004 6.20 x 2nd Fiscal Quarter, 2004 5.50 x 3rd Fiscal Quarter, 2004 5.20 x 4th Fiscal Quarter, 2004 4.75 x 1st Fiscal Quarter, 2005 and thereafter 3.00 x”
Appears in 2 contracts
Samples: Credit Agreement (Decrane Aircraft Holdings Inc), Credit Agreement (Decrane Holdings Co)
Maximum Net Senior Debt Ratio. Company shall not permit the Net Senior Debt Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending March 31, 20032004, occurring during any period set forth below to be more than exceed the correlative ratio indicated: 1st Fiscal Quarter, 2003 4.75 2004 7.75 x 2nd Fiscal Quarter, 2003 5.05 2004 8.45 x 3rd Fiscal Quarter, 2003 2004 8.25 x 4th Fiscal Quarter, 2004 7.10 x 1st Fiscal Quarter, 2005 6.65 x 2nd Fiscal Quarter, 2005 6.30 x 3rd Fiscal Quarter, 2005 6.05 x 4th Fiscal Quarter, 2003 6.15 2005 6.00 x 1st Fiscal Quarter, 2004 6.20 2006 5.80 x 2nd Fiscal Quarter, 2004 5.50 2006 5.60 x 3rd Fiscal Quarter, 2004 5.20 2006 5.30 x 4th Fiscal Quarter, 2004 4.75 2006 5.10 x 1st Fiscal Quarter, 2005 2007 and thereafter 3.00 5.00 x”
Appears in 2 contracts
Samples: Credit Agreement (Decrane Holdings Co), Credit Agreement (Decrane Aircraft Holdings Inc)
Maximum Net Senior Debt Ratio. Company shall not permit the Net Senior Debt Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending March 31, 20032002, occurring during any period set forth below to be more less than the correlative ratio indicated: 4th Fiscal Quarter, 2001 3.50 x 1st Fiscal Quarter, 2002 3.80 x 2nd Fiscal Quarter, 2002 through 3rd Fiscal Quarter, 2002 4.10 x 4th Fiscal Quarter, 2002 4.00 x 1st Fiscal Quarter, 2003 4.75 3.60 x 2nd Fiscal Quarter, 2003 5.05 3.40 x 3rd Fiscal Quarter, 2003 6.05 3.30 x 4th Fiscal Quarter, 2003 6.15 3.10 x 1st Fiscal Quarter, 2004 6.20 x 2nd Fiscal Quarter, 2004 5.50 x 3rd Fiscal Quarter, 2004 5.20 x 4th Fiscal Quarter, 2004 4.75 x 1st Fiscal Quarter, 2005 and thereafter 3.00 x”
Appears in 2 contracts
Samples: Credit Agreement (Decrane Holdings Co), Credit Agreement (Decrane Aircraft Holdings Inc)